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back really. i'm just focused on trying to figure out what to do in this environment like i would be in any which brings us to the stock market. already sending a message to washington perhaps about the necessity of a deal on the fiscal cliff. six out of the last seven sessions have been negative. down more than 5% on fears about it but you've been bringing up the market action similarity to a certain extent to 20 plus years ago. a year ago let's not forget we were starting to deal with europe. it did not end until we got ltro, long-term refinancing operations from ecb that said we're going to -- it's not going to go bankrupt today. that's when we were watching italy above 7%. today those ten-year yields up 4.5, 4.6. >> talk about how italy has come. the economy is better than other countries. northern part of italy is increasing industrial production. that's impressive. they never gave up. italian banks some are happy with no problems funding. the reason i go back which is of the analogy why i go back that far. that's a tuesday, wednesday thing in europe. you focus on when ecb me
changing rapidly as a factor in the environment is to knowledge across the board, primarily information technology in various manifestations and that seems like a drastic reshaping, but also can have effects on where the apparent power resources, traditional kinds of nontraditional kinds. although we often highlight the potential for empowered individuals can go around and cause havoc using new technologies and new dangers and threats, there's a new bond film out. every bond film has featured some transnational nonstate actor going on with the technology causing havoc. i'm not sure how terribly new threat that is. new technologies seem to reinforce the power of existing orders. if you think of the degree to which the national ecological revolution has reenergized the north american energy markets is fundamentally reset politics towards the traditional powers in the west rather than away from them come when you think about drones in the war on terror and the degree to which technology has allowed a tight footprint that is far more effective in many respects than the specific task of gett
document. the job of government is to provide an environment in which our citizens can live their lives knowing that they will not be subject to nefarious actions by others. in the case of the farmers and ranchers, the terrible stories, thousands of stories like this that the chairman described. there was a failure of government to protect these people, and the results of this investigation, fulfilling congress' obligation to oversight, tell us we have many opportunities to improve and provide better protection, and these opportunities run the gamut from following the behavior of those who are in charge at entities like mf global to monitoring and modifying the ways in which the rating agencies do their business, do their job. there have been so many failures in so many ways, not only at an f global, but at other similar stories in recent history. one common strand seems to be that we need to provide our regulators with better tools to pursue the enforcement of law that existed prior to the massive imposition of dot-franc pit which did not have infinite resources and united states, nor
system. so it's awkward to support a group like this. but there is support for it in this environment. the system will dissolve because there's resistance. >> trevor, i often feel when you talk to political operatives on both sides and fundraisers on both sides and donors, there's a strong word, but it's kind of a self hating quality to the people who are participating in the system. they feel trapped. this thing is going to go on and therefore the plaintiff used to it. is that what is sustaining this? >> well, during the course of the campaign i had a chance to talk to a range of major republican donors and even may feel republicans are more interested in the super pacs. the party had embraced them and citizens united. i thought rummy donors say to me, this is terrible. i don't want to rent an unlimited check if this is not our president not to get selected and we need to talk about this after the election. so now i think one of the things that i be doing is certainly untruths are you back around and say are you into changing the system? if you look at it, even the candidates are pri
Search Results 0 to 3 of about 4